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Federal reserve. And people dont see this, i dont think, as a major, major shift in terms of what the fed will do. Just it is losing a key academic and experienced and wise voice on the federal reserve, but there are a lot of economists and noneconomists out there that President Trump can now choose from. And this fischer wasconsidered more of a democrat choice. And, in fact, i remember when the big fed decision came due for president obama, it was between Larry Summers and janet yellen and one of the dark horses was actually stan fischer himself, he was not willing to give up his citizenship to israel, but he was considered once the giant of central banking, still is still may make his policies known, even if hes not the vice chairman of the federal reserve. But as far as any policy implications, i wouldnt expect anything to change hes been at a number of meetings over the last two years and made his voice very clear. Im sure a lot of folks from the board will continue to heed his adv

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